Texas Capital Bancshares Announces Quarterly Dividend
Dallas-based Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent organization of Texas Capital Bank, has recently declared an exciting cash dividend. This dividend amounts to $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. For investors, this translates to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The designated depositary shares can be tracked under the symbol "TCBIO" on NASDAQ.
Details of the Dividend Declaration
The dividend is set to be payable on December 16, 2024, to those holders who are recorded before the close of businesses on December 2, 2024. This timely announcement highlights Texas Capital's strategy to reward shareholders consistently while ensuring financial stability.
Understanding Texas Capital Bancshares, Inc.
Texas Capital Bancshares operates as a vital entity in the financial sector. A proud member of the Russell 2000 Index and the S&P MidCap 400, Texas Capital Bank has positioned itself as a comprehensive financial services provider. It serves a diverse clientele, including businesses, entrepreneurs, and individual customers with customized solutions tailored to meet their needs.
Comprehensive Financial Solutions
Founded in 1998, Texas Capital Bancshares is headquartered in the vibrant city of Dallas, with a strong presence in other major locations, including Austin, Houston, San Antonio, and Fort Worth. The bank offers a broad range of services, encompassing commercial banking, consumer banking, investment banking, and wealth management. This diverse portfolio illustrates the institution's ability to cater to clients at various stages of their financial journeys, underpinned by a commitment to providing high-quality service.
Looking Ahead: Growth and Commitment
As Texas Capital continues to grow, it remains committed to enhancing shareholder value and delivering exceptional service. The current dividend declaration reflects the bank's robust financial position and its ongoing focus on stakeholder engagement. Investors who are keen on receiving dividends can take this announcement as a positive indicator of the company's operational health.
A Promising Future for Investors
Every dividend installment signifies not just a return on investment but also an affirmation of the company's strategy towards sustainable growth and profitability. Texas Capital Bancshares is poised to navigate the evolving financial landscape while maintaining its dedication to its stakeholders.
Frequently Asked Questions
What is the amount of the dividend declared by Texas Capital Bancshares?
The dividend declared is $14.375 per share for the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B.
When will the dividend be payable?
The dividend is scheduled to be paid on December 16, 2024.
Who is eligible to receive the dividend?
Holders of record at the close of business on December 2, 2024, will be eligible to receive the dividend.
Where can I find more information about Texas Capital Bancshares?
For more information, you can visit their official website at www.texascapital.com.
What does being a member of the Russell 2000 Index mean for Texas Capital?
Being a member of the Russell 2000 Index signifies that Texas Capital Bancshares is recognized among the leading small-cap companies in the U.S., which enhances its visibility and credibility in the financial markets.
